Banks act as the middleman also between the government (to uphold regulation) and individuals (trust the bank).
Through the government banks will continue to adapt and serve the purpose.
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Banks act as the middleman also between the government (to uphold regulation) and individuals (trust the bank).
Through the government banks will continue to adapt and serve the purpose.
Well I am not sure I agree they are to uphold regulation.
The US banks have amasses over $500 billion in fines since the Great Financial Crisis because they broke the regulations. To them, it is something to feed into the risk/reward equation.